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  • Dues unpaid: Greater Noida Authority cancels allotment of plot to developer March 28, 2023 10:34 PM IST

    Dues unpaid: Greater Noida Authority cancels allotment of plot to developer

    The reason for the cancellation, the authority said, was non completion of the project and non-payment of dues. So, it will take over the plot, location in Sector 10 of Greater Noida, and reallot it afresh.

  • Embassy REIT to acquire Embassy Business Hub for Rs 334.8 crore in Bengaluru March 28, 2023 07:01 PM IST

    Embassy REIT to acquire Embassy Business Hub for Rs 334.8 crore in Bengaluru

    The acquisition is to be completed by April 30, 2023, and involves 1.4 msf of office property in Bengaluru.

  • Housing sales in Mumbai rose 37 percent in 2022, says report  March 28, 2023 03:52 PM IST

    Housing sales in Mumbai rose 37 percent in 2022, says report 

    Supply and sales of mid-segment homes worth Rs 1 to Rs. 2 crore were the highest in the calendar year 

  • Karnataka RERA orders developer to pay Rs 28 lakh as flood compensation to homebuyers March 28, 2023 03:34 PM IST

    Karnataka RERA orders developer to pay Rs 28 lakh as flood compensation to homebuyers

    Homebuyers claim that the developer has not provided the required relief even as the 60-day KRERA order deadline approaches.

  • India Ratings revises outlook for residential realty to ‘neutral’, sees prices rising 5% in FY24  March 28, 2023 01:55 PM IST

    India Ratings revises outlook for residential realty to ‘neutral’, sees prices rising 5% in FY24 

    However, developers may not hike prices over the next six-to-seven months to handle any macroeconomic concerns and may wait for the demand dynamics to play out,

  • Housing prices may rise 5% in FY24; rates appreciate by 8-10% this fiscal: India Ratings March 28, 2023 01:26 PM IST

    Housing prices may rise 5% in FY24; rates appreciate by 8-10% this fiscal: India Ratings

    The rating agency has revised the outlook on the residential real estate sector to neutral from improving for FY24.

  • Buyers lap up 64 Greater Noida residential plots for Rs 141 crore, pay three times the base price March 28, 2023 12:47 PM IST

    Buyers lap up 64 Greater Noida residential plots for Rs 141 crore, pay three times the base price

    The e-auction shows the residential real estate potential of the investment and commercial hub, says Greater Noida Industrial Development Authority CEO Ritu Maheshwari.

  • Over 15,000 real estate developers in Maharashtra stay non-compliant despite regulator’s notices; may face penalty March 28, 2023 09:50 AM IST

    Over 15,000 real estate developers in Maharashtra stay non-compliant despite regulator’s notices; may face penalty

    Two months after the first notice, only 20 percent of developers have complied, MahaRERA to issue a second reminder to non-compliant projects.

  • Mahindra Logistics, Ascendas-Firstspace announce launch of one million sq ft warehouse near Pune March 27, 2023 09:39 PM IST

    Mahindra Logistics, Ascendas-Firstspace announce launch of one million sq ft warehouse near Pune

    The project is an important part of MLL’s pan-India network of multi-user facilities in key logistics nodes and manufacturing clusters.

  • 72.56 lakh houses completed or delivered under PMAY-U, MoS Pankaj Chaudhary tells LS March 27, 2023 09:35 PM IST

    72.56 lakh houses completed or delivered under PMAY-U, MoS Pankaj Chaudhary tells LS

    In response to a question, the minister said that under PMAY-G, a total of 2.21 crore houses have been constructed in the country

  • HARERA rejects application of a promoter seeking extension of registration of group housing project March 27, 2023 08:19 PM IST

    HARERA rejects application of a promoter seeking extension of registration of group housing project

    An application regarding extension of registration of the Shree Vardhman Victoria group housing project in Sector 70 in Gurugram, which is being developed by Shree Vardhman Infraheights, was submitted in October 2021 under Section 6 of RERA.

  • Equity investments in real estate sector grow by over 32% on-year in 2022 to $7.8 bn March 27, 2023 07:16 PM IST

    Equity investments in real estate sector grow by over 32% on-year in 2022 to $7.8 bn

    Delhi-NCR followed by Mumbai and Bengaluru dominated investments in 2022, accounting for over 67 percent share in total investments

  • Noida twin towers demolition: Contractor confident of meeting April 15 deadline March 27, 2023 04:21 PM IST

    Noida twin towers demolition: Contractor confident of meeting April 15 deadline

    Debris removal had resumed on March 1 after remaining suspended for nearly two months amid complaints of noise and dust pollution by residents in surrounding buildings.

  • New properties worth Rs 1-2 crore drove housing demand in 2022: Report March 27, 2023 01:54 PM IST

    New properties worth Rs 1-2 crore drove housing demand in 2022: Report

    Online property searches for renting homes grew by 1.5 times in 2022; Bengaluru, Mumbai and Hyderabad took the lead, Housing.com data shows

  • Real Estate projects to get QR code to empower homebuyers, says MahaRERA March 27, 2023 11:42 AM IST

    Real Estate projects to get QR code to empower homebuyers, says MahaRERA

    In a first, a QR code was generated for a real estate project in Pune city of Maharashtra. The registration certificate reiterates the matters to be taken care of by the developer as per the provisions of the RERA Act.

  • Luxury realty market on fire with amendments to Section 54 and 54F set to kick in on April 1 March 27, 2023 11:29 AM IST

    Luxury realty market on fire with amendments to Section 54 and 54F set to kick in on April 1

    Budget 2023 has capped the deduction on capital gains on investments in residential property, available under the two sections, at Rs 10 crore. 

  • Rustomjee Group plans invest Rs 1,000 crore by the end of the next fiscal in MMR: MD Boman Irani March 28, 2023 03:02 PM IST

    Rustomjee Group plans invest Rs 1,000 crore by the end of the next fiscal in MMR: MD Boman Irani

    The company's exposure to redevelopment projects was 11 percent at the time of its IPO and may go up to 30 percent in the coming months, said Irani.

  • Mobility in deep water: Can Bengaluru turn the ship towards a 15-minute city? March 26, 2023 01:01 PM IST

    Mobility in deep water: Can Bengaluru turn the ship towards a 15-minute city?

    Experts say unless the Revised Master Plan 2041 is implemented within 2025 and metro work completed within 2032, mobility will remain an issue for the tech hub

  • Housing sales up 14% annually in Jan-Mar to 1.13 lakh units across top 7 cities: Anarock March 26, 2023 12:08 PM IST

    Housing sales up 14% annually in Jan-Mar to 1.13 lakh units across top 7 cities: Anarock

    According to the data compiled by Anarock, housing sales are estimated at 1,13,770 units in January-March, up 14 per cent from 99,550 units in the year-ago period across seven major cities.

  • The Delhi couple living Delhi life in Mumbai? | The Tenant March 26, 2023 10:20 AM IST

    The Delhi couple living Delhi life in Mumbai? | The Tenant

    In this episode of The Tenant, we meet a couple from Delhi who have made Mumbai their home. The size of their Mumbai home is less than half of their Delhi one – so they couldn't even use their older furniture as it wouldn't fit. Also, the tenant in this episode is done living in the cities and would like to move away. Watch this latest episode as we have a very interesting conversation with very interesting tenant!

  • The Rs 1,000-crore Mumbai home that lies deserted March 25, 2023 01:39 PM IST

    The Rs 1,000-crore Mumbai home that lies deserted

    It cost a neat Rs 2 lakh when it was built in the late 1930s but the real value of this house in Mumbai's Malabar Hill lies in the history that it holds and the stories it is waiting to tell

  • Why reverse mortgages have not taken off in India March 25, 2023 12:31 PM IST

    Why reverse mortgages have not taken off in India

    There are several challenges associated with this scheme, the primary being the psychological barrier, as the borrower ends up losing control of his house in his lifetime.

  • Noida Sector 18 market likely to be redeveloped on lines of Connaught Place before G20 summit March 25, 2023 10:33 AM IST

    Noida Sector 18 market likely to be redeveloped on lines of Connaught Place before G20 summit

    Noida Sector 18 market likely to be redeveloped on lines of Connaught Place before G20 summit. Following a meeting between traders operating in the market and Noida Authority officials, the authority has prepared a plan to beautify the upscale market.

  • 8 things you should know about India's costliest residential deal in Mumbai March 25, 2023 09:16 AM IST

    8 things you should know about India's costliest residential deal in Mumbai

    Malabar Palaces is being constructed on Walkeshwar Road in the Malabar Hill area, considered the most expensive residential area in the country.

  • Greater Noida Authority aims to earn Rs 1,200 crore by e-auctioning 22 institutional plots March 24, 2023 06:10 PM IST

    Greater Noida Authority aims to earn Rs 1,200 crore by e-auctioning 22 institutional plots

    An investment of about Rs 10,000 crore is expected to be made on these plots, sufficient to generate employment for around 5,000 people, GNIDA officer on special duty (institutional) Naveen Kumar Singh has said